Reuters: Enterprise sells condensate to Mitsubishi in second Asia deal


Enterprise Product Partners (EPD +0.2%) reportedly has found a second buyer in Japan for its condensate, paving the way for more exports from the U.S. to Asia to meet growing demand.

Reuters says EPD has signed a short-term contract to sell condensate to Mitsubishi, less than two weeks after it sold its first cargo to Mitsui.

The first cargo to Mitsubishi reportedly may load in September and could be of a bigger volume than the 400K barrel cargo Mitsui will be lifting later this month.

From other sites
Comments (3)
  • Tai Yu
    , contributor
    Comments (1216) | Send Message
     
    Japan is always thirsty for energy and the oil glut in the US will build up thanks for the fracturing technology. I trust this is going to be another boost to the EPD's bottom line.
    16 Jul 2014, 01:31 PM Reply Like
  • dectra
    , contributor
    Comments (649) | Send Message
     
    As long as it boost the bottom line, I say keep pumping.....
    17 Jul 2014, 12:18 PM Reply Like
  • Alex2322
    , contributor
    Comments (332) | Send Message
     
    Pump it over there! Raise those dividends here :)
    19 Jul 2014, 01:22 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs